AG Mortgage Investment Trust Declares Quarterly Dividend of $0.80 (MITT)

AG Mortgage Investment Trust (NASDAQ:MITT) announced a quarterly dividend on Thursday, June 6th, AnalystRatingsNetwork reports. Shareholders of record on Tuesday, June 18th will be paid a dividend of $0.80 per share on Friday, July 26th. This represents a $3.20 annualized dividend and a dividend yield of 14.17%. The ex-dividend date is Friday, June 14th.

On the ratings front, analysts at Zacks downgraded shares of AG Mortgage Investment Trust from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, March 14th. They now have a $28.40 price target on the stock.

Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.55.

AG Mortgage Investment Trust (NASDAQ: MITT) opened at 22.59 on Friday. AG Mortgage Investment Trust has a 52-week low of $20.20 and a 52-week high of $26.94. The stock’s 50-day moving average is currently $24.79. The company has a market cap of $631.0 million and a price-to-earnings ratio of 3.65.

AG Mortgage Investment Trust (NASDAQ: MITT) last released its earnings data on Monday, May 6th. The company reported $0.49 earnings per share for the quarter. The company had revenue of $31.74 million for the quarter, compared to the consensus estimate of $12.17 million.

Alexander Mortgage REIT, Inc. is formed to invest in, acquire and manage a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets.

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